A
RESOLUTION ESTABLISHING THE PERCENTAGE ALLOCATION OF THE FIXED AMOUNT OF
STATE PERSONAL PROPERTY TAX RELIEF ON QUALIFYING VEHICLES

WHEREAS, the Personal Property Tax Relief Act of 1998, Va. Code §§
58.1-3523 et seq. (“PPTRA”), was substantially modified by
the enactment of Chapter 1 of the Acts of Assembly, 2004 Special Session
I (Senate Bill 5005), and the provisions of Item 503 of Chapter 951 of
the 2005 Acts of Assembly (the 2005 revisions to the 2004-06
Appropriations Act, hereinafter cited as the “2005 Appropriations Act”);
and

WHEREAS, these legislative enactments require the County of Fauquierto take affirmative steps to implement these changes, and to provide
for the computation and allocation of relief provided pursuant to the
Personal Property Tax Relief Act as revised; and

WHEREAS, these legislative enactments provide for the appropriation to
the County of Fauquier of a fixed sum to be used exclusively for the
provision of tax relief to owners of qualifying personal use vehicles
that are subject to the personal property tax on such vehicles; now,
therefore, be it.

RESOLVED, by the Fauquier County Board of Supervisors this 14th day of
August 2008, That qualifying vehicles obtaining situs within the County
of Fauquier during tax year 2008, shall receive personal property tax
relief in the following manner:

·
Personal use vehicles valued at $1,000 or less will be eligible for 100%
tax relief;

·
Personal use vehicles valued at $1,001 to $20,000 will be eligible for 61 % tax relief;

·
Personal use vehicles valued at $20,001 or more shall only receive
61 % tax relief on the first
$20,000 of value;

·
All other vehicles which do not meet the definition of “qualifying”
(business use vehicles, farm use vehicles, motor homes, etc.) will not
be eligible for any form of tax relief under this program; and

·In
accordance with Item 503.D.1, the entitlement to personal property tax
relief for qualifying vehicles for tax year 2005 and all prior tax years
expired on September 1, 2006. Supplemental assessments for tax years
2005 and prior that are made on or after September 1, 2006, unless
determined to be of no fault of the taxpayer, shall be deemed
‘non-qualifying’ for purposes of state tax relief and the local share
due from the taxpayer shall represent 100% of the tax assessable.